https://www.taxtmi.com/caselaws?id=212453 The Tribunal allowed the appeal of the assessee, ruling that the disallowance under section 40A(3) of the Income Tax Act was not applicable. It found that the payments made in cash were in pursuance of a principal-agent relationship, entitling the assessee to a commission. The Tribunal emphasized that the genuineness of the expenditure was irrelevant for the application of the provision mandating disallowance based on the mode of payment. Consequently, the disallowance was deleted, and the Stay Petition was dismissed as unfructuous. en-us Thu, 30 Jun 2011 00:00:00 +0530 Tue, 25 Jun 2013 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212453 The Tribunal allowed the appeal of the assessee, ruling that the disallowance under section 40A(3) of the Income Tax Act was not applicable. It found that the payments made in cash were in pursuance of a principal-agent relationship, entitling the assessee to a commission. The Tribunal emphasized that the genuineness of the expenditure was irrelevant for the application of the provision mandating disallowance based on the mode of payment. Consequently, the disallowance was deleted, and the Stay Petition was dismissed as unfructuous. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212453